China Aviation Heavy Industries (600765.SH)'s participating company Shangda Co., Ltd. (301522.SZ) will be listed on GEM on October 16

Zhitong Finance App News, China Aviation Heavy Machinery (600765.SH) issued an announcement. China Aviation Shangda High Temperature Alloy Materials Co., Ltd. (“Shangda Shares”), the company's shareholding company, issued the “Initial Public Offering of Shares and Listing on GEM” on October 15, 2024. Its shares will be listed on the Shenzhen Stock Exchange GEM on October 16, 2024. Stock abbreviation: Shangda Shares, stock code: 301522, issue price is 6.88 yuan/share.

As of the announcement disclosure date, the company held 50 million shares of Shangda Shares, accounting for 17.93% of its total share capital before the initial public offering and 13.45% of its total number of shares after issuance. The aforementioned shares of Shangda shares held by the company cannot be transferred for 12 months from the date of listing.